-logo-1200x675.png?v=20220915161652&w=240&h=240&zc=2){kind=logo}
Getting a Tax Refund? 3 Oil Stocks to Buy With Your Refund Check.
The average American receives a tax refund of $3,138. That's a big windfall for most people. They could use that money to go on a nice vacation, pay down some of their debt, or invest for the future.One place to consider investing your tax refund is the oil patch. While the sector can be volatile, there are some great oil stocks to consider buying these days. TotalEnergies (NYSE: TTE), ExxonMobil (NYSE: XOM), and Chevron (NYSE: CVX) stand out to some Fool.com contributors as the top ones to buy right now because they have the fuel to potentially grow your tax refund into a much bigger future windfall.Reuben Gregg Brewer (TotalEnergies): One long-term trend that investors in the energy sector have to contend with is the increasing use of clean energy. That's not to suggest that oil and natural gas are going away; that's far from the case, as an "all of the above" approach appears to be the way forward. But the big growth in the energy sector has been in areas like solar and wind. What's an investor to do with the dichotomy between slow-growing carbon fuel businesses and faster-growing renewable energy? Punt with TotalEnergies.Continue reading
The average American receives a tax refund of $3,138. That's a big windfall for most people. They could use that money to go on a nice vacation, pay down some of their debt, or invest for the future.
One place to consider investing your tax refund is the oil patch. While the sector can be volatile, there are some great oil stocks to consider buying these days. TotalEnergies (NYSE: TTE), ExxonMobil (NYSE: XOM), and Chevron (NYSE: CVX) stand out to some Fool.com contributors as the top ones to buy right now because they have the fuel to potentially grow your tax refund into a much bigger future windfall.
Reuben Gregg Brewer (TotalEnergies): One long-term trend that investors in the energy sector have to contend with is the increasing use of clean energy. That's not to suggest that oil and natural gas are going away; that's far from the case, as an "all of the above" approach appears to be the way forward. But the big growth in the energy sector has been in areas like solar and wind. What's an investor to do with the dichotomy between slow-growing carbon fuel businesses and faster-growing renewable energy? Punt with TotalEnergies.
